Question: A stock is expected to pay $0.70 per share every year indefinitely. If the current price of the stock is $18.90, and the Equity cost

A stock is expected to pay $0.70 per share every year

A stock is expected to pay $0.70 per share every year indefinitely. If the current price of the stock is $18.90, and the Equity cost of capital for the company that released the shares is 7.9%, what price would an investor be expected to pay per share five years into the future? 8.86 14.18 14.62 15.06

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